Why Does a Business Need Cyber Security Awareness?

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The world has become a global village and the Internet has played a key role in this transformation. Further, unrelated events like the COVID pandemic have accelerated a shift to the way we work and engage online. Further, many companies have now realized the importance of investing in cloud technologies, training their employees and ensuring that their data is accessible from anywhere.

Definition of Cyber Security Awareness

Cyber security awareness in simple terms is how should we think and act to protect the information and online assets of a business.

Need for Cyber Security and Awareness

However, a key factor to this entire exercise is an awareness of cyber security and the implications that a wrong decision can have. The first line of defence will always be the employees. Hence, a high level of awareness will need to be created. Even the IT personnel who implement solutions will need to keep themselves abreast of the latest developments, to ensure that any emerging threats are identified and mitigated at the earliest. Almost all 90% of all data breaches are caused due to some form of human error.

The following are some of the reasons why a business needs cyber security awareness.

Cyber Crime is Here to Stay

However, advanced a firm may be in the process, security setup and technology, it is no doubt that cyber criminals will always find some creative ways to break into the setup. Right from phishing to outright hacking and data encryption, the business vulnerability has only increased. Further, interconnected departments, data sharing and transfer all mean that no department is protected from an attack.

Building a Culture of Security

The impact of a cyberattack can be crippling and the only method to protect against the same will be to create a culture of security. Continuous training, awareness programs, online quizzes and examinations will help in achieving and delivering total value.

Creating Customer Confidence

Customers are also improving their systems and processes. As a corollary to that, they are demanding that many businesses they engage with be on top when it comes to cyber security. By creating and showcasing a culture of cybersecurity awareness, the firm is thus able to retain the confidence of existing customers while winning new customers by showcasing the skills and skillset.

Protects the Company Reputation

The news of a cyber attack can have a disastrous effect on the business. It can also invite lawsuits and scrutiny into the processes and procedures. Many clients can leave the business and this will translate to a corresponding loss of revenue. Further, any operational disruptions will cause delays. Compromised data will also mean loss of intellectual property and other sensitive business and client information.

Remember: It can take many years to build a reputation, but only a single security incident to ruin the same.

Benefit for Employees

Any cybersecurity and awareness training benefits employees and they can use the same principles in their personal lives. It will prevent against unforeseen exigencies and lost time. Confidence gained by undergoing such training also gives employees an idea of what to do when they encounter specific situations and sound the alarm bells in advance.

How Can Grhombustech Help?

Among the leading cyber security companies in UK, Grhombustech brings a plethora of tools techniques and extensive knowhow to the arena of cyber security. Right from awareness training to audits and solutions implementation, we bring rich know-how. We are also a leading software development company in UAE and specialize in vulnerability assessment, threat modelling, dynamic code analysis, penetration testing and many more.

Have some questions or assignments? Contact us now!

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